BBVA, the second largest bank in Spain, froze 5,000 accounts without warning, and many of the accounts belonged to Chinese customers and caused the bank to be accused of racism. However, the Bank said that it acted according to the Spanish Money Money Waying Rules.
“Spain’s second largest bank, after hundreds of Chinese customers accusations of racism, apologized for freezing their bank accounts without warning.” https://cnn.it/2sidmel
https://twitter.com/cnni/status/109736993170279904
The bank apologized, but rejected the charges of racism:
“In the last few days, we are sorry for the inconvenience caused by our bank accounts of some customers’ bank accounts. We are sensitive to such situations and have taken the necessary precautions to reduce these effects. For everyone working in the BBVA and the bank, customers are the essence of our activities and we definitely reject all kinds of discrimination.”
Banks stayed in the past time Bitcoin time
This shows that traditional banking institutions have the power to stop and block access to your money without notification, which is actually one of the reasons for the creation of Bitcoin.
As Satoshi Nakamoto said, Bitcoin, which has a payment system that can be used without passing through a financial institution ”, cannot be frozen, closed or censorship by a central institution or government if it is stored independently. It is certain that these failures in banking institutions will inevitably direct people to an alternative monetary system.
